EVERCOMMERCE INC (EVCM) Stock Technical Analysis
NASDAQ:EVCM - US29977X1054 - Common Stock
11.54 USD
+0.35 (+3.13%)
11.54 USD
0 (0%)
Overall EVCM gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EVCM is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
EVCM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EVCM is lagging the market slightly.
In the last month EVCM has a been trading in the 9.95 - 11.98 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that EVCM is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
EVCM is an average performer in the Software industry, it outperforms 69% of 282 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, EVCM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.54, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EVCM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.23
12.35
6 important support areas can be observed.
- A support zone ranging from 11.49 to 11.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.54 to 10.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.22 to 10.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.97 to 9.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.60 to 9.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.32 to 9.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 12.14 to 12.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EVCM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVCM is up. |
| ChartMill Relative Strength | 74.1 | POSITIVE | EVCM has a high relative strength, it outperformed 74.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EVCM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVCM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EVCM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.37 | NEUTRAL | The RSI value for EVCM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests EVCM has a positive trend. |
| Stochastics (14,3) | 62.52 | NEUTRAL | The Stochastics value for EVCM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for EVCM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.8 | NEGATIVE | The low ADX value for EVCM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.24 | 11.48 | 0.76 (6.21%) | 16.11% |
| An entry @12.24. This is a Buy Stop order right above the resistance zone. | An exit @11.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.76 points, which is 6.21%. | For a 1.00% total portfolio risk, you can invest 16.11% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EVCM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.54
+0.35 (+3.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.13%
1 Week6.65%
2 Weeks6.26%
1 Month-0.26%
3 Month18.72%
6 Month13.69%
12 Month10.85%
2 Year9.18%
3 Year-0.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%4.36%
ATR Inc-14.62%
Range Today0.39
ADR(20)0.46
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.1
Mansfield-0.03
10 Day High11.63
10 Day Low10.3
20 Day High11.98
20 Day Low9.95
52 Week High12.34
52 Week Low8.1
CS1 End11.54
CR1 Start12.14
Volume & EV
DER(3)8.74%
DER(5)5.78%
Volume243.80K
Volume Incr50.17%
Vol(5)339.12K
Vol(50)247.60K